Alliancebernstein L.P. lifted its position in OneSpan Inc. (NASDAQ:OSPN - Free Report) by 275.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 133,622 shares of the company's stock after acquiring an additional 97,990 shares during the period. Alliancebernstein L.P. owned 0.35% of OneSpan worth $2,477,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of OneSpan during the 4th quarter valued at $37,000. New York State Teachers Retirement System purchased a new position in OneSpan in the 4th quarter worth approximately $64,000. Steward Partners Investment Advisory LLC purchased a new position in OneSpan in the 4th quarter worth approximately $109,000. KLP Kapitalforvaltning AS bought a new stake in shares of OneSpan in the 4th quarter worth $152,000. Finally, Arizona State Retirement System bought a new stake in shares of OneSpan in the 4th quarter worth $193,000. 95.52% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded OneSpan from a "buy" rating to a "hold" rating in a report on Friday, March 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.63.
Check Out Our Latest Research Report on OSPN
OneSpan Stock Performance
Shares of NASDAQ OSPN traded up $0.36 during midday trading on Tuesday, hitting $14.37. 224,493 shares of the stock traded hands, compared to its average volume of 404,435. OneSpan Inc. has a one year low of $10.50 and a one year high of $20.37. The firm has a market capitalization of $548.59 million, a P/E ratio of 19.42 and a beta of 1.03. The firm has a 50-day moving average of $15.86 and a two-hundred day moving average of $17.14.
OneSpan Company Profile
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Free Report)
OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.
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